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Assembly Bill A7894

2023-2024 Legislative Session

Relates to providing additional reimbursement to school districts for expenses incurred for failure to receive timely payments of state aid

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Archive: Last Bill Status - In Assembly Committee

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2023-A7894 (ACTIVE) - Details

See Senate Version of this Bill:
S104
Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Add §3605, Ed L
Versions Introduced in Other Legislative Sessions:
2017-2018: S4144
2019-2020: S356
2021-2022: S172
2025-2026: A3560, S469

2023-A7894 (ACTIVE) - Summary

Relates to providing additional reimbursement to school districts for expenses incurred for failure to receive timely payments of state aid, including expenses relating to interest payments and ancillary expenses incurred as a result of not having received aid in a timely manner.

2023-A7894 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7894
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               July 19, 2023
                                ___________
 
 Introduced by M. of A. MILLER -- read once and referred to the Committee
   on Education
 
 AN  ACT  to amend the education law, in relation to providing additional
   reimbursement to school districts for expenses incurred for failure to
   receive timely payments of state aid
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The education law is amended by adding a new section 3605
 to read as follows:
   §  3605.  ADDITIONAL  STATE  REIMBURSEMENT  TO  SCHOOL  DISTRICTS.  1.
 NOTWITHSTANDING  ANY  INCONSISTENT  PROVISION OF LAW, THE STATE SHALL BE
 LIABLE FOR ANY INTEREST PAYMENTS OR ANCILLARY  EXPENSES  INCURRED  BY  A
 SCHOOL  DISTRICT  AS A RESULT OF THE SCHOOL DISTRICT NOT HAVING RECEIVED
 TIMELY PAYMENTS OF STATE AID DUE TO A FAILURE BY THE STATE TO ADOPT  THE
 AID  TO LOCALITIES BUDGET BY APRIL FIRST IN ANY FISCAL YEAR DURING WHICH
 BUDGET BILLS AS DEFINED BY ARTICLE SEVEN  OF  THE  CONSTITUTION  OF  THE
 STATE OF NEW YORK HAVE NOT BEEN ADOPTED.
   2.  WITHIN  THIRTY  DAYS  AFTER  THE ADOPTION OF SUCH BUDGET BILLS THE
 GOVERNOR SHALL PREPARE AND SUBMIT TO THE LEGISLATURE CHAPTER  AMENDMENTS
 TO  THE  AID TO LOCALITIES BUDGET PROVIDING FOR ADDITIONAL REIMBURSEMENT
 TO REPAY SCHOOL DISTRICTS FOR ANY AND ALL INTEREST PAYMENTS OR ANCILLARY
 EXPENSES REFERENCED IN SUBDIVISION ONE OF THIS SECTION.
   3. SUCH REIMBURSEMENT MONEYS SHALL BE PAID UPON THE AUDIT OF  VOUCHERS
 CERTIFIED  BY THE CHIEF FISCAL OFFICER FOR THE SCHOOL DISTRICT DEMANDING
 REIMBURSEMENT FOR THE INTEREST PAYMENTS AND ANCILLARY EXPENSES  INCURRED
 BY SUCH SCHOOL DISTRICT.
   § 2. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00233-01-3

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